Can I retire at age 59 with 484,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $484,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$39,968$39,612$39,265$38,926$38,595$38,002
2 years$19,786$19,418$19,061$18,714$18,378$17,783
3 years$13,060$12,690$12,333$11,990$11,660$11,080
4 years$9,697$9,328$8,976$8,638$8,316$7,756
5 years$7,680$7,313$6,965$6,635$6,322$5,783
6 years$6,336$5,972$5,629$5,306$5,002$4,486
7 years$5,376$5,015$4,678$4,363$4,068$3,574
8 years$4,657$4,299$3,967$3,660$3,375$2,904
9 years$4,097$3,743$3,417$3,117$2,842$2,393
10 years$3,650$3,299$2,979$2,687$2,422$1,994
11 years$3,285$2,937$2,623$2,339$2,083$1,676
12 years$2,980$2,636$2,328$2,051$1,805$1,419
13 years$2,723$2,382$2,079$1,811$1,574$1,209
14 years$2,502$2,166$1,868$1,608$1,380$1,034
15 years$2,311$1,978$1,687$1,434$1,215$888
16 years$2,144$1,815$1,529$1,284$1,074$765
17 years$1,997$1,672$1,392$1,153$952$662
18 years$1,867$1,545$1,270$1,039$846$573
19 years$1,750$1,432$1,163$939$754$497
20 years$1,645$1,330$1,067$851$674$432
21 years$1,550$1,239$982$772$603$377
22 years$1,464$1,157$905$702$541$328
23 years$1,386$1,082$835$639$485$287
24 years$1,314$1,014$773$583$436$250
25 years$1,248$951$716$532$392$219
26 years$1,187$894$664$487$353$192
27 years$1,131$841$616$446$319$168
28 years$1,079$793$573$408$288$147
29 years$1,030$748$533$374$260$129
30 years$985$706$497$344$235$113
31 years$943$668$463$316$212$99
32 years$904$632$432$290$192$87
33 years$867$598$403$267$174$76
34 years$832$567$377$245$157$67
35 years$799$538$352$226$142$59
36 years$769$510$330$208$129$52
37 years$740$485$309$192$117$45
38 years$712$461$289$177$106$40
39 years$686$438$271$163$96$35
40 years$662$417$254$150$87$31
41 years$638$397$238$139$79$27
42 years$616$378$223$128$72$24
43 years$595$360$209$118$65$21
44 years$575$343$197$109$59$18
45 years$556$327$185$101$54$16
46 years$538$312$173$93$49$14
47 years$520$298$163$86$44$12
48 years$504$284$153$79$40$11
49 years$488$272$144$73$37$10
50 years$473$259$135$68$33$8

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $484,000, adding $2,428 every year, while hoping to spend $40,953 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 75/12/13 Blend
58$484,000$484,000$484,000$484,000
59$535,872$510,220$502,718$574,451
60$546,958$491,648$475,986$581,680
61$557,801$470,792$446,985$584,239
62$568,335$447,499$415,597$585,919
63$578,483$421,604$381,697$586,618
64$588,159$392,934$345,155$586,228
65$597,268$361,305$305,835$584,627
66$605,704$326,523$263,595$581,685
67$613,347$288,384$218,287$577,257
68$620,065$246,670$169,755$571,185
69$625,708$201,154$117,839$563,297
70$630,112$151,593$62,368$553,403
71$633,094$97,731$3,168$541,296
72$634,450$39,300$0$526,749
73$633,952$0$0$517,837
74$631,350$0$0$510,140
75$626,363$0$0$505,651
76$618,682$0$0$498,923
77$607,963$0$0$489,673
78$593,825$0$0$477,584
79$575,846$0$0$462,309
80$553,559$0$0$443,459
81$526,447$0$0$420,608
82$493,937$0$0$393,282
83$455,395$0$0$360,956
84$410,120$0$0$323,050
85$357,339$0$0$278,925
86$296,193$0$0$227,871
87$225,736$0$0$169,105
88$144,922$0$0$101,762
89$52,593$0$0$24,885
90$0$0$0$0
91$0$0$0$0
92$0$0$0$0
93$0$0$0$0
94$0$0$0$0
95$0$0$0$0
96$0$0$0$0
97$0$0$0$0
98$0$0$0$0
99$0$0$0$0
100$0$0$0$0